Market Trends & Policy Impact - China's policy banks are rapidly issuing bonds to secure lower yields [1] - This bond-issuance surge is happening before the reinstatement of a value-added tax on interest income later this week [1]

Overview of Value-Added Tax (VAT) - Value-Added Tax (VAT) is a levy on goods and services at each production stage [1] - VAT impacts finances [1] Importance of VAT - VAT is crucial for global economies [1]